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For the most part, domestic LPs are not keen to commit to homegrown funds, says Thomas Birch, a managing director at CDPQ.

Inside: Canada’s quest to recharge its growth trajectory; One man’s journey from prison to VC; The challenge of raising a sophomore fund; Indonesian private equity; Plus much more…

Canada drew 2,200 tech workers from outside the country in the first nine months of 2023, compared with 1,500 it lost to Europe.

After a couple of years of slower growth, Canada’s venture system is re-energized and poised to resume its expansion.

The capital needed to grow category-leading companies up north is beyond the capacity of LPs in Canada, which could make fundraising by VC managers more difficult.

Venture funds managed to raise just $15bn worldwide in Q1, a 53% decrease from about $32bn in the same quarter a year earlier.

The average fund size dropped to $115m in Q1 2024, its lowest point in about five years, according to new research from Venture Capital Journal.

Just how tough is it to raise a sophomore fund? OpenLP boldly predicts 'we could see up to 347 first-time managers exit the market' if success rates drop 5-15% from historical averages.

In just 12 months, Venture Capital Journal's list of climate-focused funds has grown to 44 funds that have raised a combined $9.5bn.

They make up just a small portion of the venture industry, but women who have managed to break into the business are thriving, judging by Venture Capital Journal's most popular stories this week.